Which of the following describes U.S. laws that address the use of exchange rates to gain an unfair trade advantage? Multiple choice question. A country that has current account and trade surpluses can be designated a currency manipulator if its exchange rate policy prevents effective balance of payments adjustment or provides the country unfair competitive advantage in international trade. Members of the IMF International Monetary Fund commit not to manipulate their exchange rates to gain an unfair trade advantage. Treasury uses three numerical criteria to determine if any country that is a major trading partner to the United States is a currency manipulator